Bill Ackman’s Pershing Square Capital Management Sold Alphabet and Bought These 2 Beaten-Down Stocks

Key Points Pershing Square Capital Management closed its position in the high-flying tech leader, Alphabet, during the second quarter. The hedge fund bought two beaten-down tech stocks, Meta Platforms and Netflix. Despite these companies' recent struggles, they appear to have strong prospects. 10 stocks we like better than Meta Platforms › In investing, as in other aspects of life, it makes sense to take lessons from those who have been successful. One such person is Bill Ackman, the founder and CEO of Pershing Square Capital Management, a hedge fund that has produced excellent returns over the past couple of decades.